July doldrums are upon us, but maybe not for IPOs What's next? Trading volumes traditionally drop in July and August, and so does IPO activity. The traditional mantra is, if the IPO doesn't get done by July 4th, it waits until after Labor Day. That may not be the case this year. With several large IPOs already launched in June, the market may stay open in July.
One potential candidate is Oddity Tech, which sells branded beauty and wellness products to consumers worldwide and has already filed to go public. But we are still waiting for some of the larger IPO candidates to make announcements, like Reddit, Instacart, Panera Bread, Stripe, Impossible Foods, Fanatics, StubHub, Klarna, and ARM. If any of those set firm dates for an IPO, that will be the signal the IPO market is getting back to normal, even if prices are more favorable to buyers.
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